Which of the Following Accounts Will Be Closed by Crediting

question 150

Multiple Choice

Which of the following accounts will be closed by crediting the Income Summary account?

• A) Service Revenue
• B) Depreciation Expense
• C) Accounts Payable
• D) Accumulated Depreciation

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Definitions:

Conscientiousness

A personality trait characterized by thoroughness, a desire to do a task well, and a high level of organization and responsibility.

Funder and Ozer

Researchers known for their analysis on the importance and impact of situational variables versus personality variables in predicting behavior.

Social Psychological Studies

Research in the field of psychology that focuses on how individual thoughts, feelings, and behaviors are influenced by the social environment and the presence of other people.

Situational Variables

External factors that vary from one situation to another and can influence the outcome of a given scenario or behavior.